Global ETFs and ETPs suffer net outflows of US$16.77 billion in August
06 September 2013
By Asia Asset Management
Global ETFs and ETPs suffered record net outflows of US$16.77 billion in August after gathering near record net inflows of $45.26 billion in July, according to ETFGI’s latest global ETF and ETP industry insights report. ETF and ETP assets had declined from the July record high of $2.17 trillion to $2.11 trillion at the end of August 2013. There are now 4,938 ETFs/ETPs, with 9,932 listings, from 211 providers listed on 57 exchanges.
“Investors' concern and uncertainty over the impact on markets of a potential military conflict in Syria and when and how the Fed will begin QE tapering caused investors to net withdraw $16.77 billion from ETFs/ETPs in August,” says Deborah Fuhr, managing partner at ETFGI.
In August, equity ETFs/ETPs experienced the largest net outflows with $13.62 billion. North American/US equity ETFs/ETPs experienced the largest net outflows $16.60 billion, followed by emerging market ETFs/ETPs with $5.12 billion, while European equity ETFs/ETPs gathered the largest net inflows with $5.09 billion.
In August, fixed income ETFs/ETPs saw net outflows of $5.23 billion. Government bond ETFs/ETPs experienced the largest net outflows with $3.65 billion, followed by inflation with $772 million, and high yield with $618 million, while government/corporate bond ETFs/ETPs gathered the largest net inflows with $208 million.
Commodity ETFs/ETPs saw net outflows of $911 million. Precious metals ETFs/ETPs experienced the largest net outflows with US$1.08 billion.
Year-to-date (YTD) through end of August 2013, global ETFs/ETPs have gathered net inflows of $133.44 billion which is below the $141.71 billion gathered at this time last year.
Providers of ETFs/ETPs
Vanguard ranks first based on August net inflows with $3.54 billion, and first in YTD net inflows with $39.71 billion. ProShares ranks second based on August net inflows with $1.61 billion and sixth in YTD net inflows with $5.17 billion. Nomura, the seventh ranked provider by overall assets, ranks third for net inflows in August with $1.23 billion and ranks 12th with YTD inflows of $3.09 billion. Meanwhile iShares, which ranks first based on overall assets, suffered net outflows of $5.23 billion in August and ranks second in YTD inflows with $27.24 billion. SPDR ETFs, which ranks second in overall assets, suffered $19.24 billion of net outflows in August and $7.44 billion of net outflows YTD.
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